Church & Dwight Co., Inc. (CHD) To Go Ex-Dividend on August 14th

Church & Dwight Co., Inc. (NYSE:CHD) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Friday, August 14th will be paid a dividend of 0.3075 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th.

Church & Dwight has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 29 consecutive years. Church & Dwight has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Church & Dwight to earn $4.01 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 30.7%.

Church & Dwight Trading Down 2.3%

NYSE:CHD opened at $97.55 on Friday. The firm has a market cap of $23.11 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 3.59 and a beta of 0.47. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. Church & Dwight has a 12 month low of $81.33 and a 12 month high of $106.04. The company’s 50 day moving average is $97.08 and its 200-day moving average is $96.58.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, May 1st. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Church & Dwight had a net margin of 11.81% and a return on equity of 20.51%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts anticipate that Church & Dwight will post 3.74 EPS for the current year.

Insider Transactions at Church & Dwight

In other Church & Dwight news, Director Penry W. Price sold 5,960 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the completion of the transaction, the director owned 30,070 shares in the company, valued at $2,852,440.20. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of Church & Dwight stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $98.00, for a total value of $1,270,080.00. Following the sale, the director directly owned 13,653 shares in the company, valued at $1,337,994. The trade was a 48.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 47,680 shares of company stock valued at $4,672,190. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Church & Dwight

Several hedge funds and other institutional investors have recently modified their holdings of CHD. State Street Corp raised its stake in Church & Dwight by 0.6% during the fourth quarter. State Street Corp now owns 13,875,412 shares of the company’s stock worth $1,163,453,000 after acquiring an additional 88,594 shares in the last quarter. Capital International Investors boosted its stake in shares of Church & Dwight by 18.1% in the 4th quarter. Capital International Investors now owns 11,302,929 shares of the company’s stock valued at $947,820,000 after purchasing an additional 1,734,801 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Church & Dwight by 24.0% in the 4th quarter. JPMorgan Chase & Co. now owns 7,610,224 shares of the company’s stock valued at $638,117,000 after purchasing an additional 1,473,894 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Church & Dwight by 51.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock valued at $468,902,000 after purchasing an additional 1,709,090 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Church & Dwight by 5.5% in the 4th quarter. Invesco Ltd. now owns 3,854,060 shares of the company’s stock worth $323,163,000 after purchasing an additional 200,208 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.

The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.